Perpetual Floating-Rate Note 

An investment?s return (usually total return), compared to a benchmark that is comparable to the risk level or investment objectives of the investment.

Remarks: Bond funds including mutual funds (open-end and closed-end, actively managed and indexed), exchange-traded funds and unit investment trusts offer a convenient and affordable way to invest in a diversified portfolio of bonds, but a bond fund investment can differ from a bond investment in ways that are important to understand.